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Property – Fraternal Property Management Association

Holmes Murphy is proud to be a partner of the Fraternal Property Management Association (FPMA). FPMA provides educational assistance to student housing owners and volunteers to strengthen the management of their chapter properties. The FPMA also offers competitive insurance products specifically designed to protect properties owned and leased by student organizations like fraternities and sororities.

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What Insurance Coverage Does FPMA Include?

  • Work With the Best
    FPMA provides insurance from “A” Rated insurance companies, as rated by the AM Best & Company.
  • All Risk-Special Form Coverage
    Coverage is provided for all causes of loss except those excluded by the insurance contract.
  • Guaranteed Replacement Cost
    Coverage is provided if your building is insured to the current reconstruction valuation on file. The policy will provide monies to reconstruct the building to its prior condition, regardless of the stated building limit.

FPMA FAQs

What Are the Benefits of Joining the FPMA?

By joining, you’ll receive:

  • A semiannual newsletter that focuses on risk management and issues facing property managers and their fraternal organizations
  • A property insurance program that provides, in most cases, broader insurance coverage for less premium
  • A biennial inspection that provides recommendations for physical plant improvements, addressing life safety and property conditions, along with completion of a replacement cost valuation
  • Security of knowing coverage will still be available at an affordable rate even after a significant loss
Is There Additional Insurance Coverage for FPMA Participants?

Yes! Your coverage will include:

  • Law and Ordinance Coverage
  • Business Personal Property
  • Equipment Breakdown Protection
  • Extra Expense
  • Business (Loss of Rents) Income
What Is Included in the FPMA Discounts?

Download our free flyer for more information, but here’s an overview of what you can expect:

  • 10 percent discount for employing a Professional Property Management Company
  • 5 percent discount for the completion of a Strategic Assessment with Pennington & Company
  • 20 percent discount for Safe, Modern, and Recent Technology (SMART) Facility (2015 or newer)
  • 10 percent discount for modern, safe facilities (2010 or newer)
  • 5 percent discount for multiple buildings
  • Increased All Other Peril Deductible (discount varies)
  • Fire sprinkler system (discount varies)
  • Leak Protection System (discount varies). Learn more about the options: Leak Protection Partners

Disclaimer: Specific discounts are dependent upon program participation of each chapter facility and its supportive and governing entity (i.e. National Fraternity).

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About FPMA

Download a free informational flyer with everything you need to know about FPMA.
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Ready to Join FPMA?

Submit an application for FPMA coverage today.
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Property Claims Information

Learn more about how we can help you protect your fraternal property.
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